HTC announced Friday that it has sold off its remaining 25 percent stake in Beats Electronics for $265 million. The move comes after HTC sold back the other half of its stake in Beats for $150 million.

When the companies struck their deal in 2011, both had high hopes for something major. In fact, rumors suggested that the deal could eventually net HTC $500 million. But as the company's smartphone line declined and the Beats addition did little to spur sales, it became clear that both companies needed out. That's finally happened.